6.18 Bitcoin Morning Market Analysis


Last night, the Federal Reserve kept interest rates unchanged, and Powell's first press conference clearly leaned hawkish, removing dovish language and delaying rate cut expectations, which directly triggered sharp volatility in the crypto market. Bitcoin surged near 664 before experiencing a strong sell-off. The high point continued to decline, confirming the start of a bearish main wave, with the previous rebound being a short-term trap driven by news stimuli.
After the market's sharp decline, a slight rebound occurred, which is merely a technical retracement during the downtrend, with the moving averages remaining bearish and no foundation for a reversal to an uptrend. Currently, the price hovers around 645-647.
Market outlook: A rebound to around 653 could be a good entry point, with the first target at 638. If it breaks through 638, it could look towards 620. #沃什首秀美联储利率不变 #SpaceX市值超越微软跻身全球前五 $ETH $BTC
ETH-4.98%
BTC-4.44%
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